The early Uber backer, long a Bitcoin holder and critic of Strategy, says projects on Solana and Bittensor are building real products while he still has not disclosed owning SOL.
Jason Calacanis said he would advise selling half of a Bitcoin position and moving the proceeds into what he called more productive crypto projects, naming Solana and Bittensor (TAO). The angel investor and early Uber backer framed the shift as a preference for networks he says are delivering tangible products rather than relying on "projects and promises." The comments mark a notable change in tone on Solana after he spent years saying he had never owned SOL and questioning the blockchain's practical use beyond speculation. He repeated through early 2025 that he owned only Bitcoin and distanced himself from Solana and XRP, but has recently argued that entrepreneurs are building on "TAO, SOL, etc." He has not publicly disclosed any investment in Solana or direct ties to Solana Labs through his launch venture firm. Calacanis has also remained sharply critical of Strategy and Michael Saylor, arguing the company has become too dominant in Bitcoin's ecosystem, distorts the market narrative and introduces avoidable risk through its financing model. He has repeatedly said investors should buy Bitcoin directly rather than Strategy shares and has argued there should be no taxpayer-funded bailout if the company runs into financial trouble.